Which of the following is true of S Corporations?

They must use accrual accounting methods,

They may have up to 200 shareholders.

They aren't required to file articles of incorporation,

They're only subject to one level of federal taxation

Boynton jewelers reported the following amounts at the end of the year: total sales = $550,000; sales discounts = $12,000; sales returns = $44,000; sales allowances = $17,000. what was the company's net revenues for the year? A. $489,000. B.

According to current plate tectonics theory, Choose one: A. plates move around by convection on the uppermost part of the mantle. B. plates move at speeds of a few meters per year. C.

All of the activities concerned with obtaining money and using it effectively are called:

A top-level executive of a tire manufacturer is considering diversifying and expanding operations into China, where labor and materials are cheaper. The firm has already diversified itself to double its original number of locations.

Consider the expenditures listed below and classify each of the expenditures as a capital expenditure or a revenue expenditure related to machinery. a. Purchase price. b. Ordinary recurring repairs to keep the machinery in good working order. c.

True or false: Regardless of the inventory costing method used, the financial statements will always report the same amount of inventory on the balance sheet and cost of goods sold on the income statement.

Some newspapers have dubbed kane kramer as one of the" biggest losers" in business history, explain whether you think this is fair or unfair.?

Bill Casler bought a $2000, 9-month certificate of deposit (CD) that would earn 8% annual simple interest.

You win $200 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 3% interest.

Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 20 bushels of corn or 5 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland.